Funds

Sales Tax Funds

The Dayton Community Development Corporation (DCDC) will assist progressive, quality companies with its half cent sales tax funds. DCDC can use its funds to assist a firm’s relocation or expansion with infrastructure and site development costs. However, the DCDC has great flexibility with the use of its funds and can also provide relocation subsidies, job training assistance, loans, grants, etc. DCDC’s incentive package is determined by the following criteria:

Amount of new taxes generated by the project

Average wage and the gross annual payroll generated

Capital investment

Number of jobs created

Sales tax revenue generated

Once these factors have been finalized, DCDC can then structure an incentive package accordingly. Other areas of assistance can be considered as deemed essential by the company and subject to approval by the Board of Directors.

Skills Development Fund

Grants are available to train employees through the state’s community colleges. This fund will assist projects by financing the design and implementation of customized training for new and incumbent equipment. The funds flow to the community college and are not a cash grant to the company.

Texas Capital Fund

Supports rural business development, retention and expansion by providing funds for public infrastructure, real estate development, or the elimination of deteriorated conditions. Awards from $50,000 to $1,500,000.

Texas Enterprise Fund (TEF)

A cash grant awarded by the Governor, with approval of the Lt. Governor and Speaker of the House, to companies relocating or expanding in the state. The TEF is the largest `deal-closing’ fund in the nation intended to attract business and jobs to Texas.